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Even after a few financial industry scandals, London has moved up considerably in the rankings as far as finance cities are concerned. Being an international hub as well as garnering more attention through the Olympics has helped the standing significantly.
London has moved up from sixth to a close second behind New York in a ranking of financial centers by PricewaterhouseCoopers LLP after the consulting firm took account of the British capital’s international connections.
London’s “economic clout, ease of doing business, innovation and attraction as an international gateway” offset Britain’s sluggish economy and financial job losses, according to the Oct. 11 report by PwC, which examined the social and economic performance of 27 cities.
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